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HUNGARY PMI EDGES DOWN TO 54.0 IN JAN

Hungary’s seasonally adjusted Purchasing Managers Index (PMI) eased to 54.0 in January from 54.3 in December, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. Among the sub-indices that comprise the PMI, the new orders index rose and remained over the 50 threshold. The production volume index was higher and continued to show expansion. The employment index also continued to show growth and increased from December.